Nev. Rev. Stat. § 86.341

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 86.341 - Distributions: Generally

A limited-liability company may, from time to time, make distributions as provided in the articles of organization or operating agreement. If the articles of organization or operating agreement do not otherwise provide, the distributions must be allocated proportionately to the value, as shown in the records of the company, of the contributions made by each member and not returned.

NRS 86.341

Added to NRS by 1991, 1301; A 1997, 720; 2021, 1515
Amended by 2021, Ch. 281,§23, eff. 10/1/2021.
Added to NRS by 1991, 1301; A 1997, 720